Scarinci Hollenbeck, LLC
The Firm
201-896-4100 info@sh-law.comFirm Insights
Author: Scarinci Hollenbeck, LLC
Date: March 31, 2014
The Firm
201-896-4100 info@sh-law.comThe NCAA is currently basking in the glory of one of the best first weekends of the annual March Madness tournament in history – with major upsets, such as Mercer over Duke and North Dakota State over Oklahoma. However, it isn’t all good for the NCAA, as Jeffrey Kessler recently filed the most significant lawsuit to date challenging the association’s rule of amateurism.
If Kessler is able to win the lawsuit, it would essentially change the NCAA’s current model as we know it. There have been many people to challenge amateurism in the past and all have been unsuccessful.
According to Sports Illustrated legal analysts, one of the biggest changes that would come from a successful lawsuit is that amateur athletes would become free agents. For example, if the next Johnny Manziel is coming out of high school, he would be able to choose the school that is able to pay him the most money.
Much ado has been made about Kessler’s involvement in the lawsuit. There is confidence in this case, despite the fact that so many people were unsuccessful in the past because he was also involved in establishing free agency for NFL players in 1992.
This lawsuit could have significant legal ramifications on the future of the NCAA. The association’s rules have long been upheld against any challenges. If a court rules that NCAA amateurism is unfair, the association will never be the same. Also, if this rule is able to be overturned, others, such as the transfer restrictions, could be next. Essentially, this ruling could create a legal domino effect that the NCAA does not want to see.
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Secured transactions form the backbone of a wide range of business dealings, including business loans, mortgages, and inventory financing. Because the stakes are often high and relatively minor oversights can have drastic consequences, lenders and borrowers should thoroughly understand how to form an enforceable security agreement that protects their legal rights. What Is a Secured […]
Author: Dan Brecher
Cashing a check marked “paid in full” can be a risky endeavor, particularly if you don’t fully understanding the legal implications. If you are owed more than the amount of the check you accept and deposit, you may waive your right to collect the full disputed amount. That is why you should consider either rejecting […]
Author: Dan Brecher
The One Big Beautiful Bill Act of 2025 (OBBBA) significantly impacts federal taxes, credits, and deductions. A key change relating to Qualified Small Business Stock (QSBS) allows greater tax-free gains for investments in startups and other qualifying small businesses. Company founders and other investors should understand how the enhanced tax strategy works or risk missing […]
Author: Dan Brecher
Corporate consolidation involves two or more businesses merging to become a single larger entity. The result is often a stronger and more competitive company that can better navigate today’s competitive marketplace. What Is Corporate Consolidation? Corporate consolidation closely resembles a basic merger transaction. The primary difference is that a consolidation creates an entirely new business […]
Author: Dan Brecher
Business law plays a critical role in nearly every aspect of running a successful enterprise, from negotiating a commercial lease to drafting employee policies to fulfilling corporate disclosure obligations. Understanding what is business law and your legal obligations can help your business run smoothly and build productive relationships with clients, business partners, regulators, and others. […]
Author: Dan Brecher
Corporate transactions can have significant implications for a corporation and its stakeholders. For deals to be successful, companies must act strategically to maximize value and minimize risk. It is also important to fully understand the legal and financial ramifications of corporate transactions, both in the near and long term. Understanding Corporate Transactions The term “corporate […]
Author: Dan Brecher
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Consider subscribing to our Firm Insights mailing list by clicking the button below so you can keep up to date with the firm`s latest articles covering various legal topics.
Stay informed and inspired with the latest updates, insights, and events from Scarinci Hollenbeck. Our resource library provides valuable content across a range of categories to keep you connected and ahead of the curve.
Let`s get in touch!
Sign up to get the latest from the Scarinci Hollenbeck, LLC attorneys!